SAMPLE RESOLUTION TO SET THRESHOLD FOR CAPITALIZATION

WHEREAS this resolution establishes a threshold that dictates when expenditures may be capitalized in accordance with generally accepted accounting principles.

WHEREAS the City needs to establish a different threshold for each asset class in order to maintain effective managerial control.

THEREFORE the City resolves that these dollar levels set the thresholds that apply to the following asset classes:

This resolution will take effect immediately upon passage.

First Reading: ___________________

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Mayor

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City Recorder